4 Growth stocks with beta to lead in a rising market

Both growth (NYSEARCA:SPYG) and beta (SPHB) styles have outperformed compared to the S&P 500 Index (SP500) since the start of the bull market in October 2022 with upside leadership.

Both have also underperformed through July’s S&P 500 (SP500) correction.

“The drop in the high-beta vs. low-volatility ratio was more damaging than the drop in growth vs. value ratio,” Oppenheimer analysts said in a note. “Looking ahead, we’ll be watching if beta can reclaim its leadership role vs. low-volatility — this would argue the cycle is earlier stages than our rough two-thirds’ complete estimation.”

In addition, growth is looking more tactically attractive compared to value (IVE) due to the “stability at support in an intact uptrend.”

The following are growth stocks that have beta, which would be positioned to lead in a rising market tape.

All buy-rated:

• Meta Platforms (META) – Its breakout “has legs.”
• Tesla Inc. (TSLA) – The stock looks like it will have a bullish reversal.
• Arista Networks Inc. (ANET) – Its uptrend is resuming.
• Sea Limited (SE) – The stock has a “base-and-breakout” formation.